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Jim Carroll

Music, Life and everything else

The MC in MCD heads for court

One for the Irish music business news diary this week as MCD Concerts co-founder Eamonn McCann takes his former partner Denis Desmond to the High Court for his share of the Irish live music giant’s pie. While Desmond has been …

Jim Carroll

jimcarroll

Mon, Nov 2, 2009, 09:34

One for the Irish music business news diary this week as MCD Concerts co-founder Eamonn McCann takes his former partner Denis Desmond to the High Court for his share of the Irish live music giant’s pie.

While Desmond has been in full control of the business for quite some time, per the Sunday Business Post, “the former business partners have yet to agree on the value of McCann’s stake, and the Belfast prompter is now taking his case to the High Court in an effort to force a deal”. Naturally, “it is understood that the two men have very different valuations of the stake”.

The case is due before the Commercial Court this morning and, should it proceed to a full hearing, “will reveal the inner workings of MCD, one of the most private businesses in Ireland”.